Jagran Prakashan’s Q1-20 sales Rs 191.09 crore – down 67.3%

Q on Q raw material (largely newsprint) consumption down 66%

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India
Of the print news media in India, Dainik Jagran in Hindii is one of the highest circulated daily newspapers

Jagran Prakashan’s consolidated Q1 2020 (April, May, June) numbers are down 67.3% from the Q1 of 2019 figures of Rs 584.28 crore. The quarterly net loss at Rs. 39.57 crore in June 2020 is down 161.47% from Rs. 64.36 crore in June 2019. The EBITDA stands negative at Rs. 20.82 crore in June 2020, down 114.35% from Rs. 145.10 crore in June 2019.

Jagran Prakashan is the publisher of the leading Hindi daily Dainik Jagran from more than 45 centers across India and several other dailies and other publications. It is also the owner of several other allied media and communication businesses.

Jagran Prakashan’s standalone figures for Q1 2020 show net sales at Rs 174.46 crore, down 64.31% from Q1 of 2019 in which net sales were Rs. 488.78 crore. The standalone quarterly net loss is Rs. 19.27 crore in Q1 2020, down 132.42% from Rs 59.45 crore in the June Q1 quarter of 2019. The EBITDA is negative or -Rs. 2.31 crore for the June 2020 quarter, down 102% from the profitable Q1 2019, which reported a positive Rs. 59.45 crore.

Jagran Prakashan shares closed at 38.35 on July 31, 2020 (NSE), and have given -43.81% returns over the last six months and -54.32% over 12 months. Interestingly, for newsprint consumption watchers, is the reported consumption of raw materials at Rs. 59.72 crore in comparison to the consumption in Q1 2019, which was reported as Rs. 175.64 crores. This represents a decrease in raw material consumption (which we presume is largely newsprint but would also likely include offset plates and ink) of 65.99%.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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